Snow Dragon Group: Share Buyback and Cancellation Completed, Actual Controller's Stake Passively Increases to 70.17%

36Kr reports that Snow Dragon Group announced the completion of its share buyback and cancellation on October 9, 2026. The total share capital was adjusted from 210,736,706 shares to 210,205,274 shares, with 531,432 restricted tradable shares cancelled. Following this completion, the actual controllers He Cailin, He Pinian, He Qunyan and their concerted actions maintained their shareholding quantity, while their stake passively increased from 69.99% to 70.17%, triggering the 1% and 5% thresholds for equity changes. This change did not trigger a mandatory tender offer, will not result in a change of actual control, and does not require disclosure of an equity change report.